Wednesday, August 09, 2006

Production Versus Price

You notice anything developing here?



I can see two divergent conclusions arising from this:

1. Limited Supply
2. Price gouging

Believe me, it's more than likely #1. This of course raises the question of whether it's the start of 'peak oil' or merely a medium term blip which will be offset by future mega-projects. I'll leave it to you to decide.

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